- Dundas Minerals (DUN) kicks off the first-ever reverse circulation (RC) drilling program at its Matilda South exploration prospect in Western Australia
- The prospect lies within the Albany-Fraser Orogen, where the company is exploring for nickel, copper and gold
- The WA Government will contribute up to $180,000 towards the planned drill holes as part of its Exploration Incentive Scheme (EIS)
- Dundas plans to complete the program, under which it aims to drill at least four deep RC holes of up to 400 metres, by early March 2023
- Shares in DUN are steady, trading at 16 cents at 12:21 pm AEDT
Dundas Minerals (DUN) has commenced reverse circulation (RC) drilling at its Matilda South exploration prospect in Western Australia.
The prospect lies in the prospective Albany-Fraser Orogen, where Dundas has been actively exploring for nickel, copper and gold.
Dundas said it planned to complete a minimum of four deep RC holes of up to 400 metres as part of the program. The company expects to complete the drilling in early March 2023.
The Western Australia Government has agreed to contribute 50 per cent — up to a maximum of $180,000 — towards the drilling of the holes under its Exploration Incentive Scheme (EIS).
Dundas announced the identification of the Matilda South prospect as a large gravity anomaly on January 18, 2022.
The company said the gravity anomaly was believed to be a result of intrusive mafic or ultramafic rock types and within a large magnetic low anomaly.
Dundas plans to target Matilda South for magmatic sulphide mineralisation associated with a mafic-ultramafic intrusion.
Results from a historic aircore drill hole carried out by CNSX-listed Goldport in 2006 support Dundas’ interpretation of the rock type.
The company’s drilling efforts mark Dundas’ first-ever RC drill program at the Matilda South prospect.
Dundas announced the beginning of the drilling work at Matilda South in tandem with an exploration update for the Central area of its WA project.
The company has received assays for another three of the six holes now completed in the Central area, with “significant” graphite assays struck in one of the holes. A separate hole struck an interval of 1.29 grams per tonne (g/t) gold.
Shares in DUN were steady at 16 cents at 12:21 pm AEDT.